| Announcement Date: | 2022-09-07 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Gungnir Resources Inc. |
| Project name: | Lappvattnet |
| Location: | Sweden |
| Commodities: | Silver,Copper,Nickel,Cobalt |
| Highlight: | Drilling results incl. 3.3m @ 2.14% Ni, 0.17% Cu, 0.04% Co, 0.5g/t , 0.56g/t Ag from 87.0m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Surrey, BC – September 7, 2022 – Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCPK) (“Gungnir” or the “Company”) is pleased to report further assays from drilling at the Lappvattnet nickel deposit in northern Sweden. Results are for three drill holes, LAP22-06B, -08 and -09. To date in 2022, the Company has drilled a total of approximately 2,800 metres in 18 holes with further results to follow from drill hole LAP22-10 onward. Please view accompanying map (see Figure 1). Results are from continuing, systematic drilling of the Lappvattnet nickel deposit with the goal of upgrading and expanding the existing resource with a focus on defining further high-grade nickel shoots. Drilling has now progressed to the sparsely drilled eastern two-thirds of the deposit where the resource is based on just thirteen drill intercepts, six of which contain individual assays of greater than 5% Ni. Our current drilling in this area to date includes holes LAP22-16 to -19 which are currently being logged and prepped for cutting. Holes LAP22-12 to LAP22-15 tested the Lappvattnet north target. Hole LAP22-11 was not drilled. All assays are pending. |
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